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Yellen Sworn In at Federal Reserve

By

Jon Hilsenrath

Updated Feb. 3, 2014 10:38 a.m. ET

WASHINGTON—Janet Yellen was sworn in Monday as Federal Reserve chairwoman, becoming the first woman to run the central bank in its 100-year history. The small ceremony marked the final step in what so far has been a smooth leadership transition at the Fed.

Ms. Yellen was sworn in by Fed governor Daniel Tarullo, the bank said. She succeeds Ben...